Vimeo, Inc. (NASDAQ:VMEO) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,240 shares of the company’s stock after selling 3,056 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vimeo were worth $68,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in Vimeo by 3,726.9% in the third quarter. Covestor Ltd now owns 9,108 shares of the company’s stock valued at $32,000 after purchasing an additional 8,870 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in Vimeo in the fourth quarter valued at approximately $47,000. Oak Thistle LLC acquired a new position in Vimeo in the third quarter valued at approximately $50,000. Principal Financial Group Inc. boosted its holdings in shares of Vimeo by 33.7% in the third quarter. Principal Financial Group Inc. now owns 21,939 shares of the company’s stock valued at $78,000 after acquiring an additional 5,534 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Vimeo in the third quarter valued at approximately $82,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Trading Up 5.4 %

VMEO stock opened at $3.69 on Friday. The company has a market capitalization of $620.07 million, a P/E ratio of 28.39 and a beta of 2.04. Vimeo, Inc. has a twelve month low of $3.02 and a twelve month high of $5.77. The business has a 50 day simple moving average of $4.30 and a 200-day simple moving average of $3.90.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $105.54 million during the quarter, compared to the consensus estimate of $102.37 million. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) earnings per share.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and issued a $4.00 price objective (down from $7.00) on shares of Vimeo in a report on Friday, January 5th.

Vimeo Company Profile

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.